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Ringgit opens firmer but stays under pressure as geopolitical fears lift US dollar
KUALA LUMPUR, March 4 — The ringgit opened slightly higher against the US dollar today but is expected to remain under pressure amid mounting geopolitical tensions, with traders continuing to favour the greenback as a safe-haven asset. At 8 am,
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Hormuz chaos: Insurers pull war cover as Iran says it will strike any vessel
LONDON, March 3 — Insurance companies are cancelling war risk coverage for vessels in the Middle East Gulf as the widening Iran conflict disrupts shipping, leaving tankers damaged or stranded and at least two people dead. Shipping through the Strait
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Travel stocks wipe out RM88.7b after Middle East war grounds flights worldwide
LONDON, March 3 — Travel shares tumbled yesterday, shedding US$22.6 billion (RM88.7 billion) as escalating conflict between the US, Israel and Iran disrupted flights worldwide, closed key Middle Eastern hubs and sent oil prices surging, with analysts warning of weeks
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Bursa rebounds strongly after yesterday’s sell-off, FBM KLCI up over 14 points at open
KUALA LUMPUR, March 3 — Bursa Malaysia rebounded to open higher today as bargain hunting emerged after yesterday’s sell-off. At 9.20am, the FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 14.20 points, or 0.83 per cent, to 1,714.41 from Monday’s close
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Middle East turmoil sends US dollar up, euro and yen on back foot
TOKYO, March 3 — The yen and euro were broadly lower today as the widening Middle East conflict focused attention on countries dependent on energy imports and how central banks may respond to inflation pressures. The dollar benefited from safe-haven
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Wall Street ends narrowly mixed, trading volatile after air strikes on Iran
NEW YORK, March 3 — US stocks ended close to flat yesterday after a volatile session that saw shares drop early following weekend US and Israeli air strikes on Iran, but there were bounces throughout the day as investors bought
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Ringgit stays above RM3.90 as markets brace for more Middle East volatility
KUALA LUMPUR, March 3 — The ringgit opened marginally higher against the US dollar today, even as risk-off sentiment prevailed amid the ongoing military conflict in the Middle East. At 8am, the local currency was traded at 3.9210/9340 against the
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Oil spikes 13pc after Iran attacks, analysts warn Brent could hit US$100
NEW YORK, March 3 — Oil and gas prices surged yesterday following Israeli and US strikes on Iran and retaliation by Tehran that forced shutdowns of oil and gas facilities across the region and disrupted shipping in the crucial Strait
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Safe-haven Swiss franc hits highest since 2015 as Iran conflict lifts energy prices
SINGAPORE, March 2 — The Swiss franc soared to its strongest in more than a decade versus the euro while the dollar hit a five-week high today as investors sought the safest assets after US and Israeli strikes on Iran
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BNM likely to keep OPR at 2.75pc this week amid global uncertainties, says Bank Muamalat
KUALA LUMPUR, March 2 — Bank Negara Malaysia (BNM) is likely to keep the Overnight Policy Rate (OPR) at 2.75 per cent when the Monetary Policy Committee (MPC) meets this Thursday, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd
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